Jakarta – Indonesia may need three to four years to become a net oil exporter again, with new oil refinery projects expected to shore up domestic fuel supplies, said Finance Minister Ju

Ng Boon Yian, Singapore – Years after being battered by the financial crisis, the Indonesian banking sector seems to have picked itself up again, luring more foreign investors to take u

Jakarta – Fuel imports undertaken by state oil and gas company PT Pertamina have exceeded annual consumption by more than 50 percent, an official said on Thursday.

Asia News Network, Jakarta – Indonesia's economy is once again at a crossroads as it enters the second half of the year.

Jakarta – More prudent budgeting and the removal of fuel subsidies are important challenges ahead for the government, if it wants to consolidate the progress Indonesia has made in recen

Karima Anjani, Jakarta – The world's largest gold miner goes on trial in Indonesia next week in a dispute over pollution that has left the government torn between environmentalists and

Washington – The International Monetary Fund said Wednesday it welcomed the continuing improvement in Indonesia's economy in recent years.

Washington – East Timor's future development depends on "effective administration of its new petroleum wealth" and the attraction of investment into the non-oil sector of the new nation

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Riyadi Suparno, Jakarta – The rupiah's plunge over the past few weeks may not have spoiled last weekend's wedding party for President Susilo Bambang Yudhoyono's son, but it could eventu

Vincent Lingga, Jakarta – Although the government claims otherwise, Indonesia remains the least attractive among East Asian countries for foreign direct investment (FDI).

Kupang/Yogya/Batam/Samarinda/Jambi/Manado – The price of premium gasoline soared by up to 500 percent in some provinces on Wednesday as the country's fuel shortage bit deeper, with the

Jakarta – A surge in demand for industrial products and high global metal prices caused exports in the first five months of the year to jump 30.79 percent from the same period last year

The central government has ordered local administrations to protect the interests of foreign investors by extending a helping hand to settle disputes, including those related to propert

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Jakarta – The government will "right-size" or find the most appropriate form for 145 state-owned companies to optimize their profitability and operational cost efficiency, State Enterpr

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Washington – Poverty-struck East Timor has made "commendable progress" since wrenching its independence from Indonesia but needs to do much more to manage its new-found energy wealth, t

ID Nugroho, Surabaya – Drops of water trickle down from the shoulder-length hair of Sekar (not her real name), as she enters one of the fast food eateries in Central Surabaya on Tuesday

Bloomberg – East Timor's President Xanana Gusmao said his country shouldn't rush to settle a dispute with Australia over offshore oil and gas fields before the three-year-old nation can

East Timor will soon start opening up its untapped oil and gas reserves to investors, the Timorese government says.

Jakarta – The Indonesian government and the budget committee of the nation's Parliament Monday agreed on a set of new assumptions that will be used to base the current state budget.

Bill Guerin, Jakarta – Indonesia, the fourth-most populous country in the world, has been a net oil importer since 2004.

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Jakarta – The government campaign for the use of unleaded gasoline nationwide is facing a major obstacle as state oil and gas company Pertamina says the program targets are currently be

Bill Guerin, Jakarta – A former aide to Indonesia's pro-business President Susilo Bambang Yudhyono took over the reins of Indonesia's powerful Investment Coordination Board (BKPM) last

Jakarta – A persistently high unemployment rate and the problem of chronic graft in the bureaucracy leading to a high cost economy are overshadowing the current administration's success

Riyadi Suparno, Jakarta – After more than a week of assessment, the International Monetary Fund has praised Indonesia's overall economic performance and the policy directions pursued by

Jakarta – The government must continue strengthening Indonesia's economic fundamentals if it wants to sustain average economic growth of 5 percent per year, the International Monetary F

Bill Guerin, Jakarta – An incident of bullying, threats and violence on a basketball court at Jakarta's top school for expatriate children has brought Southeast Asia's biggest economy f

Rachmat Gobel, Jakarta – In recent years, there has been an exodus of international companies from Indonesia. Kyocera is just one of the most recent examples.

Urip Hudiono, Jakarta – Monthly inflation began to ease in April from its sharp rise in March, but still leaves year-on-year inflation unchanged above the 8 percent level, official figu

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Bill Guerinl, Jakarta – Indonesia is one of the most resource-rich countries in the world, with coal, gold, bauxite, nickel, copper, silver, tin and iron ores being its main mineral dep

Jakarta – After eight years in the garment industry, Supena is savvy enough to know that one must keep abreast of the latest trends to stay in business.

Leony Aurora, Jakarta – The legal battle over a ruling by the Business Competition Supervisory Commission (KPPU) on the sale of two tankers by Pertamina looks set to return to square on

Riyadi Suparno, Tanjung Benoa (Bali) – Australian and Indonesian businesspeople are of the view that investment opportunities in Indonesia are abundant – especially in the infrastructur

Vincent Lingga, Jakarta – Is the government so strapped for cash that it failed to pay Pertamina Rp 23 trillion (US$2.42 billion) in fuel subsidies for the first quarter?

Jakarta – When Amisah, 47, and her husband opened their business at Senen Market in Central Jakarta in 1976, their income steadily increased until it reached as high as Rp 75,000 (US$8.

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Jakarta – The Business Competition Supervisory Commission (KPPU) is looking into allegations that the city administration has violated regulations on hypermarket development in the capi

Vincent Lingga, Jakarta – Apparently buoyed by its success in ushering in the unpopular policy of increasing fuel prices, the government is preparing another politically sensitive measu

Leony Aurora, Jakarta – As part of its efforts to stem the steady decline in the country's oil output, the government is preparing incentive packages to lure investors to operate in mar

Jakarta – National flag carriers Garuda Indonesia has fired its entire 13-member board, in a government move to improve the management of the carrier and its financial performance, a mi

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Bill Guerin, Jakarta – As Indonesian President Susilo Bambang Yudhyono and several of his ministers were wooing investors in Singapore last week, the Indonesian affiliate of French oil

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Fabiola Desy Unidjaja, Jakarta – Indonesia imported about 300,000 barrels per day (bpd) of processed fuel last year to meet domestic demand for the oil-based commodity, according to the